Wall Street Journal: Venezuela's State Oil Company Uses USDT to Evade Sanctions

Odaily News USDT has become deeply entrenched in Venezuela, with the state oil company using it to evade sanctions and citizens adopting it as a dollar substitute during hyperinflation. Analysts expect stablecoin usage to persist even after the arrest of Nicolás Maduro. Tether stated that the company complies with U.S. and international sanctions and cooperates with authorities to freeze wallets associated with illicit activities when necessary. (Wall Street Journal)